Truvestments Capital LLC Raises Stake in Ryder System, Inc. $R

Key Points

• Truvestments Capital LLC has increased its stake in Ryder System, Inc. by 20.1%, owning a total of 31,957 shares valued at approximately $4.6 million.
• The company's quarterly dividend has been raised to $0.91, reflecting an increase from the previous $0.81, with a dividend yield of 1.9%.
• Ryder System's stock recently reported earnings that surpassed analyst expectations, with a net margin of 3.99% and revenue of $3.19 billion for the quarter.

Truvestments Capital LLC boosted its position in Ryder System, Inc. (NYSE:R - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,957 shares of the transportation company's stock after acquiring an additional 5,340 shares during the quarter. Ryder System accounts for about 1.0% of Truvestments Capital LLC's holdings, making the stock its 21st biggest holding. Truvestments Capital LLC owned 0.08% of Ryder System worth $4,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Ryder System during the first quarter worth approximately $26,000. TCTC Holdings LLC raised its holdings in Ryder System by 116.5% during the first quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after purchasing an additional 120 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Ryder System during the fourth quarter worth approximately $59,000. Curat Global LLC acquired a new stake in Ryder System during the first quarter worth approximately $55,000. Finally, Headlands Technologies LLC acquired a new stake in Ryder System during the first quarter worth approximately $86,000. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Transactions at Ryder System

In related news, Director E Follin Smith sold 5,523 shares of Ryder System stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total value of $981,216.18. Following the transaction, the director directly owned 33,779 shares in the company, valued at $6,001,177.14. This trade represents a 14.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert E. Sanchez sold 22,063 shares of Ryder System stock in a transaction on Monday, July 28th. The shares were sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the transaction, the chief executive officer owned 62,887 shares in the company, valued at approximately $11,476,248.63. This trade represents a 25.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,618 shares of company stock worth $7,587,997 over the last quarter. 5.20% of the stock is currently owned by corporate insiders.

Ryder System Stock Performance

Shares of R traded up $0.41 during mid-day trading on Friday, reaching $187.53. 250,983 shares of the company's stock were exchanged, compared to its average volume of 277,921. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $7.65 billion, a PE ratio of 15.95 and a beta of 1.00. The business's fifty day simple moving average is $174.81 and its 200-day simple moving average is $157.30. Ryder System, Inc. has a 52-week low of $125.54 and a 52-week high of $189.35.

Ryder System (NYSE:R - Get Free Report) last announced its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the firm posted $3.00 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. On average, equities research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be given a $0.91 dividend. This is a positive change from Ryder System's previous quarterly dividend of $0.81. The ex-dividend date is Monday, August 18th. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Ryder System's payout ratio is 30.95%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on R. Robert W. Baird raised their price objective on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Baird R W raised shares of Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Susquehanna assumed coverage on shares of Ryder System in a report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Finally, Wolfe Research upgraded shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price on the stock in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Ryder System presently has a consensus rating of "Moderate Buy" and an average target price of $186.50.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.